Capital Planning 101: Beginning Your Capital Improvement Planning Journey

For many governments, the budget process provides an opportunity to discuss priorities, goals, revenues, expenses, and services over the next year. However, it does not help prepare for large capital investments that may span fiscal years or where advanced planning multiple years in the future is required. For that governments also need an effective capital improvement plan (CIP).

The CIP process, focused on individual projects, will need to consider rehabilitation of existing assets, developing new assets, multiple funding sources, potential debt issuance, longer lead times for contracts and procurement, and collaboration across multiple departments. Speakers will discuss how to begin improving tomorrow through better planning today, focusing on best practices in capital planning.